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Bitget to Shorten PIPPIN USDT Funding Rate Cycle to 1 Hour
11/23/2025, 16:36
AI SUMMARY
●• Bitget changes PIPPIN USDT funding cycle from 4 hours to 1 hour starting Nov 24
●• Maximum funding rate caps set at +1.875% / -1.875%
●• Adjustment aims to align contract specifications with market volatility
Cryptocurrency exchange Bitget announced an adjustment to the funding fee settlement cycle for its PIPPIN USDT perpetual contract. Effective November 24, 2025, the settlement frequency will increase from every 4 hours to every 1 hour.
The update also specifies that the maximum funding rate will be capped at +1.875% and -1.875%. This change is likely intended to manage volatility and leverage risks associated with the asset more tightly by forcing more frequent payments between long and short positions.